I jumped into entrepreneurship 3 years ago. Point #2 is critically important. Budding entrepreneurs need to be willing to sacrifice their standard of living for quite some time till the company starts turning a profit. I picked up a night job delivering pizzas to soften the financial blow and allow me to work during the day on my business. Toughen up, roll up your sleeves, set your pride aside and do what it takes to make it before the money runs out.

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About The Accelerators

For aspiring or actual entrepreneurs, The Accelerators is an online archive of discussion among startup mentors– entrepreneurs, angel investors and venture capitalists. Although the blog is no longer being updated, its content lives here and you can see an archive of its tweets through June 2015 @wsjstartup.